Job Openings at Oasis Crescent

Investment Analyst

The key function of the position of Investment Analyst is to conduct investment research and analysis, to make long term investment decisions and identify and take investment opportunities that will protect and grow the portfolios managed by Oasis. The candidate must conduct detailed due diligences and be able to perform detailed fundamental equity analysis and valuation, including ratio analysis. The analyst must be able to produce accurate long term forward looking forecasts using all available information. The candidate will be expected to work in an environment of strict accountability and within the mandates, rules and parameters of the investment process.

Job Description

Fundamental Analysis:

• Take complete ownership and responsibility for the companies and sector that you are responsible for.
• Ensure that investment decisions recommended by you that are approved, you follow through completely and ensure execution across our model and clients’ portfolios.
• Ensure that the companies you are responsible for that their analysis are regularly updated and maintained.
• Generate new ideas and make recommendations.
• Undertake detailed analysis and accounting and business valuations of listed and unlisted securities with a view to making a long term investment decision which is ratified by the Investment Committee.
• Interact with Senior Business Leaders and Company Management in conjunction with the Senior Equity Analyst.
• Conduct investment research and analysis.
• Identify investment opportunities to protect and grow portfolios.
• Perform detailed fundamental equity analysis, valuation and ratio analysis using stochastic and financial modelling.
• Research and analyze companies and the industries in which they operate in.
• Prepare investment reports on companies which address all the pertinent issues relating to the company in order to arrive at an appropriate decision.
• Undertake comprehensive evaluation and analysis under the mentorship and guidance of your seniors to ensure that a thorough due diligence is conducted before the firm undertakes an investment into a security on behalf of its client.
• Involves the primary use of fundamental valuation skills such as:
• Prepared and evaluation of Long Term history.
• Detailed financial analysis of financial performance and financial position of the company through evaluation of annual report which include but not limited to the Balance Sheets, Income Statement, Cash Flow Statement, and Statement of Changes in Equity of the company.
• Use good communication skills; be sufficiently and adequately prepared and confident to handle interactions with Management at the highest level.
• Quantify risks relative to the expected return of an investment.
• Evaluate the impact of changes in macro and micro economic variable and its implications on the risk and return profile of a security.
• Evaluate regional and global developments and trends within the specific industry and quantify its implications with regard to future risk and returns of a security.
• Prepare long term sheets and analyze history of a company over a long term period, this will include the analysis of Financial Stats, financial Profitability, valuation, operating and Efficiency measures of a company in relation to the market, its peers and its history.
• Evaluate long term history and numerical data issued by companies.
• Ensure that procedure manuals are regularly maintained and kept up to date.
• Ensure that meeting notes and action points well documented and filed accordingly.
• Ensure that you use resources available (such us Bloomberg and Inet) to assist your decisions making process.

Daily Morning Meeting

• Ensure you attend the Daily Morning Meeting, chaired by the CIO or a senior member of the investment team and provided a report back on any events from the previous day including but not limited to Management Meetings with companies, Results Presentations of companies, Information obtained from the media (newspapers/Bloomberg etc), Economic data released, Market update.
• Ensure that you are adequately prepared to report and provide substantive feedback in the meeting.
• Ensure that you follow up and successfully execute the action points agreed in the meetings.
• Strategic and model portfolio meetings
• Provide input into the strategic investment committee meetings which take place on a quarterly basis.
• Ensure that you have done proper due diligence and applied detailed reviews of the reports in preparation to the strategic and model portfolio meeting and that the quality of the analysis and the recommendations are of an exceptional quality.

Corporate actions

• Ensure that you make detailed recommendations on each resolution and/or corporate action proposed.
• Prepare a formalized report and ensure that the proposed proxy votes are implemented in accordance with the Proxy Voting and Corporate Actions policy.
• Evaluated the necessary documents in order to make a considered decision (eg. Read the Memorandum of Incorporation where the matter relates to a change in governance structures. etc.)
• Ensure that environment, social and governance considerations have been incorporated into the decision making process in accordance with the CRISA and UNPRI policies.

Systems

• Ensure that all systems remain up to date, and models are updated on the system and it is the analysts responsibility to report to the CIO after conducting periodic reviews that all information is up to date.
• Ensure that investment decisions recommended by the analyst which are approved are followed through completely and ensure execution across our model and clients portfolios.
• Ensure that you use the systems available optimally and enhance the usage of the system such us Decalog, Xamin, Inet Bloomberg Thompson Reuters to assist in your decision making process
• Ensure that procedure manuals are followed at all times, and regularly maintained when applicable.

Planning and scheduling

• Ensure that the investment calendar for the year ahead for all companies covered within the applicable sector is comprehensively maintained, including but not limited to Quarterly, Bi-Annual, Annual global & local company reporting dates, AGM dates, Management Meeting dates, Global Economic Data releases, Local Economic Data releases, Investment and Quarterly Strategic Committee Meetings.

Idea Generation

• Generate your own investment ideas, make recommendation based on analysis and adequate due diligence done by you and motive why further research should be conducted if necessary.
• You must ensure that meeting notes and action points are well documented and filed accordingly.

Reporting

• Management reporting and/or reporting to the CIO must include an executive summary with an analysis supporting the executive summary based on the company internal requirements. Where an issue is highlighted then the report must contain suggestions for resolution of the issue.
• Ensure that you timeously prepare and submit your investment reports to the Investment Committee with your recommendations. The report must include the investment report and presentation, quantitative report, technical reports.
• Ensure that your presentation is well prepared and delivered to the Investment Committee.
• Ensure detail working is prepared to support your investment report and covers analysis on peer group companies, industry factors, macro and micro economics variable and impacts, geopolitical factors are considered, analysis and quantify the risks.

Reporting Structure

• Reports to Manager Investment Operation & CIO.

Qualification

• CA(SA) or Masters in Investment Finance or an Engineering degree with a CFA/ MBA qualification
• A CFA qualification will be advantageous.

Competencies

• Good report writing skills.
• Strong analytical ability.
• Excellent communication skills, both written and verbal.
• Ability to work in highly automated environment.
• Well read and has good general knowledge base.
• Ability to handle pressure.
• Creative and logical thinker.
• Inquisitive.
• Ability to view the bigger picture while still focusing on the details.

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Property Lawyer

The core functions of this position are to draft; review and advice on legal agreements, as well as to manage contracts and related issues and to ensure policies and procedures are up to date and are being Enforced. The successful candidate will be an admitted attorney, conveyancer and notary. The individual will have worked in a good legal firm and thereafter branched out into a big Property Unit and/ or listed company.

Job Description

Collective Investment Schemes in Property

• Keep abreast of all legislation;
• Advise management of changes in legislation and implementation of same;
• Investment restructure and units – must be aware of and advise management of any average tax implication for the PUT;
• Liaise with Appointed designated advisor to ensure that all corporate actions are dealt with timeously and according to the JSE rules

Compliance

Candidate should have substantial compliance experience which includes:

• Regulatory developments and key issues facing the group across the various jurisdictions;
• Undertaking regulatory analysis and issuing practical advice to the business;
• Providing sign off and approval of marketing material (Annual reports, Circulars, SENS Announcements etc);
• Undertaking risk based monitoring agreeing remedial actions directly with the group’s report writing and contributing and assisting in production of the annual monitoring programme;
• Preparing and delivering training on a range of topics to the group areas as required;
• Working closely with the group to understand their strategy and to identify potential risks or issues;
• Providing the group advice on new fund registration process in various jurisdictions
• Providing guidance and advising the group on the rules on sales marketing and solicitation;
• Conducting due diligence review for new counterparties and brokers;
• Sigh off the financial promotions which includes fact sheets, brochures, website and other such material;
• Reporting promptly and comprehensively any deficiencies or breaches in the process for approval or business area practices, staff knowledge or procedures;
• Providing interpretation and guidance to management on rule changes.
• Will be responsible for compliance and risk management in respect of property unit trust;
• Assist in documenting policies and processes to ensure compliance and legislation such as the JSE rules;
• Responsible for identifying legal risk and ensure that same is managed effectively;
• Vetting of marketing material and external communications (e.g. SENS Announcements);
• Ensuring marketing material (including website, have required statutory disclosures and disclaimers);
• Ensuring compliance by holding company and subsidiaries with all corporate secretarial requirement laid down in Companies Act, which includes Preparation of agenda for BOD meetings, sending out notices for meetings, collating BOD packs and taking minutes, Preparing notice of AGM, reviewing circulars to shareholders and ensuring AGM held within time periods presented by companies Act;
• Maintain company registers, submission of annual company returns and registration special resolutions, reviewing and giving input on the documentation drafted by association to which PUT belongs;
• Advising on lease agreement entered into between the PUT and other group entities;
• Taking instructions and drafting lease agreement, addenda cession and assignment of leases, renewal of lease agreement, etc.;
• Participate in lease negotiations. Managing tenants arrears, litigation process, settlement proposal and collection of arrears;
•  Drafting and reviewing of commercial property contracts within the Group including development agreements, agreements with service providers (Quantity Surveyor, Architect, Principal Agent, Construction companies, CESA etc).
• Company Secretarial; and managing construction management contracts and commercial financing agreements.
•  Ability to manage all the aspects of an acquisition, including due diligence.
• Preparation, registration, of Budget for Property Division;
• Dealing with all aspects of Property Prospectus, circulars SENS Announcements and distributions etc.;
• Cancellation of Notarial Servitudes.
• Perform convincing functions and manage the execution of purchase and sale agreements including the transfer of residential / sectional title / commercial and industrial properties.
•  Draft and review legal agreements to ensure that the regulatory requirements are met.
• Managing application process for land development, amendment to spatial use conditions, zoning schemes, and changes in conditions to facilitate general property development.
•  Management of construction contracts including but not limited to JBCC and BCC.
• Managing tenant arrears, collections, including issuance of letters of demand, drafting or summons/rent interdict and execution thereof.
• Litigation processes, settlement proposals and the drafting of pleadings in respect of litigation.
• Ensure detailed policies, procedures, procedures manuals, systems and controls are robust and implemented within the property department.
• Documenting policies and processes to ensure compliance to the Deed and legislation such as the JSE rules, FSB/CISCA rules and all legislation in the property and financial service sector.
• Remain abreast of all changes in the legal, tax and corporate governance environment in South Africa and Internationally. Provide technical input on proposed changes to legislation. 

Reporting Structure

• Reports to Manager Legal and Compliance.

Qualification

• Minimum B.Com LLB Degree with a post graduate LLM in Taxation / H.Dip Tax.
• Admitted Attorney and Conveyancer. 

Experience

• Articles from a large reputable law firm.
• 3-6 Years of post-articles experience.
• Experience in handling PUT and new listing company.
• Experience in drafting and vetting property acquisition, disposal and lease agreements is a must. Identifying risk and minimizing it in these agreements.
• Experience in administrative law would be advantageous
• Knowledge of local authority, provincial and national law relating to rezoning, sub-division and heritage applications.
• Litigation experience would be advantageous as the incumbent would be required to draft summons and pleadings and manage ongoing litigation and tenants in arrears

Competencies

• Leadership skills required.
• Management Skills required.
• Professional character, dress and manner.
• Detail-orientated and ability to multitask. Logical, systematic and methodical.
• Ability to follow rules, policies and procedures.
• Personality to be able to tackle difficult and sensitive situations.
• Strong communications skills in both written and verbal.
• Strong mediation skills and ability to settle disputes.
• Understanding of staff behavior and how to motivate staff.
• Driven and personally motivated to succeed.
• Creative, innovative with excellent problem solving skills.